£503,977
This estimated value is based upon the latest sale price for the house of £90,000 on 12 Jan 1996. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £90,000 | 12 Jan 1996 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in January 1996 the House Price Index for GREATER LONDON was 26.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 459.975%.Applying this 459.975% change to the original purchase price of £90,000 results in an estimated price of approximately £503,977.
| 12 Jan 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 146.7 | 459.975 % | £90,000 | £413,977 | £503,977 |
The Postcode Pricing Model uses changes in average sales price within the SE6 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 695.494 % | £625,944 | £715,944 |
| 3 Month Average | 401.576 % | £361,418 | £451,418 |
| 6 Month Average | 407.013 % | £366,311 | £456,311 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 22 Dec 2014.
The average size of a house on VERDANT LANE is 96 sq meters (1,036 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Verdant Lane |
| Jan 2024 | Anti-social behaviour | On or near Verdant Lane | |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Verdant Lane |
| Jan 2024 | Anti-social behaviour | On or near Verdant Lane | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Verdant Lane |